New Zealand dollar extending its losses after terrible data, forecasts for more rate cuts

Colombia's oil output drops 6% amid policy shifts & US decertification. Reserves may rise, but majors exit.

New Zealand dollar extending its losses after terrible data, forecasts for more rate cuts Bad GDP, analysts forecasting rate cuts from the Reserve Bank of New Zealand weighing on NZD

Powell flags AI boom's K-shaped growth: Mega-caps surge on capex, while labor market lags. Inequality risks mount.

Westpac now expects the Reserve Bank of New Zealand to step up its easing cycle, forecasting the Official Cash Rate will be lowered to 2.5% at the October meeting and then cut again to 2.25% in November.

PBOC is expected to set the USD/CNY reference rate at 7.1113 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

SEC approves generic listing standards for spot crypto ETFs, slashing approval times from 240 to 75 days. Solana & XRP ETFs eyed for Oct launch.

XRP ETFs debut! XRP futures volume hits $16.2B, but token dips 1% as new derivatives loom.